CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, and California Regional MLS (CRMLS), one of the nationâ€™s largest multiple listing service (MLS) providers, recently announced that CRMLS has joined Partner InfoNet by CoreLogic. The companies also announced that CRMLS has agreed to a multi-year extension of its Matrixâ„˘ MLS system contract.
Launched in June 2010, Partner InfoNet is an innovative revenue-sharing program in which MLSs license their listing data to CoreLogic for use in risk management products for mortgage lenders, servicers, and capital markets (but not consumer outlets). With the addition of CRMLS, Partner InfoNet now encompasses nearly 1.1 million active listings and more than 450,000 real estate professionals from 78 MLSs.
Matrix is an enterprise-class MLS system that provides real estate brokers and agents with a flexible, high-performance platform for managing real estate listings. 16 MLSs serving more than 163,000 real estate professionals currently use Matrix, and six more installations are scheduled for this year. In total, CoreLogic serves approximately 550,000 real estate professionals with its MLS systemsâ€”more than half the North American market.
â€śThrough our local member associations, we strive to provide the most dependable, convenient and affordable listing technology services available,â€ť says Art Carter, CEO of CRMLS. â€śMatrix has proven to be an extremely fast and reliable MLS system that meets the needs of our progressive subscribers by supporting virtually all computing platforms and devices. Partner InfoNet supports our goal of keeping costs down for our members by simply and securely leveraging the value of our listing data.â€ť
â€śThis new agreement with CRMLS is a powerful endorsement of both Partner InfoNet and our Matrix MLS platform,â€ť says Ben Graboske, senior vice president of Real Estate and Financial Services for CoreLogic. â€śWe are honored to serve the nationâ€™s largest MLS in these critical capacities and are working hard every day to provide the highest level of service and security in the industry.â€ť
For more information, visit www.corelogic.com.